UK Gov Participation30 Apr 2026 08:45
I am as sceptical as many others as to the UK Gov stepping up properly to support a UK Enterprise like this.
However, to date, they have participated in providing funding and assistance in the Cornish Lithium project, Redmoor initial drilling, together with other projects in the UK. Whether it will be sufficient and implemented in a meaningful way with the Redmoor project remains to be seen. We know our BoD are closely onside with the relevant UK Gov players with the control of finance for these kinds of projects. It would be massive assistance to the Redmoor project if the UK Gov assisted with the finance for the capex directly, or by way of acting as a guarantor to private finance, thereby negating/minimising further shareholder dilution that would be required without that support. It would also speed the project up massively and give a high degree of certainty for the project to institutional investors as well as all of us.